28 July 2014 - 30 July 2014
A group of STEPI researchers takes part in discussion of extending the Dream Valley Model prepared by ASA team (Elena Rovenskaya, Leena Ilmola-Sheppard, Nikita Strelkovskii) for modeling Korean foresight. The researchers analyze the features of Korean economy and society and propose the structure and specifications of an agent-based model. They also discuss similarities and differences to the the previous case study for Finland and make a decision to include in the model two additional layers:
(i) comprehensive simulation of the behavior of financial market and related stocks and flows
(ii) influence of social attitudes, expectations about the future and impact of these expectations to consumer behavior, as well as corporate and financial sector investment behavior.
Last edited: 08 October 2014
International Institute for Applied Systems Analysis (IIASA)
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